IIA IIA-CIA-Part2 Quiz 177 Topic 1 Questions 881-885

Question: 1

A purpose of the internal auditors' exit meeting with appropriate levels of management is to

AInform members of the board of engagement results.

BPresent the final engagement communication to the chief executive officer.

CObtain information to evaluate internal control.

DGenerate commitment for appropriate managerial action.

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Question: 2

Internal auditors should discuss conclusions and recommendations at appropriate levels of management before issuing final engagement communications. Which of the following is the primary reason that an exit meeting should be documented by the internal auditor?

AThe information may be needed if a dispute arises.

BThe Standards require that exit meetings be documented.

CThe information may be needed to revise future engagement work programs.

DClosing conference documentation becomes a basis for future engagements.

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Question: 3

The internal audit activity has recently completed an engagement to evaluate the organization's accounts payable function. The chief audit executive decided to issue a summary in conjunction with the final engagement communication. Who is most likely to receive the summary only?

AAccounts payable manager.

BExternal auditor.

CController.

DAudit committee of the board.

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Question: 4

In a well-developed management environment, the internal audit activity

AReports the results of an audit engagement to line management as well as to senior management.

BConducts initial audits of new computer systems after they have begun operating.

CInterfaces primarily with senior management, minimizing interactions with line managers who are the subjects of internal audit work.

DFocuses primarily on asset management and report results to the audit committee.

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Question: 5

Which of the following is a possible disadvantage when the draft engagement communication is provided to local management for review and comment?

AThe engagement client may take corrective action before the final communication is issued.

BThe engagement client will have an opportunity to rebut observations and recommendations.

CGenuine consideration for the engagement client will be demonstrated.

DDiscussion of the report might center unduly on words rather than on the substantive issues.

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IIA IIA-CIA-Part2 Quiz:177 Topic:1 Questions:881-885